25 Nov What Happens When You Finish Paying Off a Chapter 13 Bankruptcy?

Many Americans are struggling financially due to the coronavirus pandemic. An estimated 205 million people are at risk of their utilities being disconnected, and many more are in jeopardy of their vehicles being repossessed and their homes being foreclosed. A significant number of Americans have been laid off or experienced a reduction in their work hours, causing them not to be able to pay their bills on time. Recovering from the coronavirus shutdowns will take time, but Americans who are struggling do have options. One of those options is to file for bankruptcy. Filing for Chapter 13 bankruptcy is a viable option for helping you get back on your feet financially. What happens after you finish paying off a Chapter 13 bankruptcy?

30 Oct Can Filing For Bankruptcy Protection Save My Small Business?

Let's answer the top-line question right out of the gate: yes, filing for bankruptcy protection can most certainly save your business. The benefits of the bankruptcy laws do not exist solely for big companies. In fact, they can apply with equal effectiveness to save your...

21 Oct After Filing for Bankruptcy Can I Buy A House?

The question can be taken on several levels. To take it literally: Yes, you can buy a house if you pay all-cash so you don't need a mortgage. Of course, that applies to very, very few individuals who declare bankruptcy under Chapter 7 (or sometimes Chapter...

31 Aug Reasons for Filing for Bankruptcy

Sometimes, the best option you've got is to file for bankruptcy. In many cases, deciding to engage in bankruptcy quickly is a good decision in order to prevent wage garnishment, foreclosure, or repossession. This decision can help you keep more property and reduce the debt you owe.

04 May When Should You File For Bankruptcy ?

Some of the questions you will likely ask yourself before deciding to file bankruptcy include:

• How much do you owe on your credit cards and are you only making minimum payments?
• Are you using credit cards wisely or using them to pay for necessities?
• Do you feel like your finances are out of your control?
• Are you being contacted by bill collectors on a regular basis?
• Are you in danger of losing your home to foreclosure?

If your answer to one or more of these questions is yes, then the decision to file bankruptcy may be obvious. However, the challenge may be whether the timing of a bankruptcy filing is right. Timing matters in some cases because filing at the wrong time could mean you lose assets you might otherwise be able to keep, and because filing at the wrong time could hamper negotiations with creditors.

27 Apr Can I Keep My Tax Refund After Filing Chapter 7?

Your tax refund is based on money that you’ve over-paid in taxes throughout the course of the calendar year. As you reach the end of the year, you’d like to get as much of that money back as possible. Unfortunately, if you’ve filed for bankruptcy,...

31 Mar Three Main Types of Consumer Debt

Americans are drowning in debt. In November 2019, American consumer debt climbed to $4.17 trillion. That’s trillion with a T–twelve zeros. Chances are pretty good that you’re one of those Americans, with credit cards, a mortgage, and a car payment or two. And that’s okay–in...

20 Mar What Assets Can You Keep in Chapter 7 Bankruptcy?

Financial pressure can sometimes take a toll on daily life. When you can’t get a handle on your finances, starting over may be necessary to reach the road of financial recovery. For some people, filing bankruptcy is an ideal solution. Bankruptcy is a process in...